Know Where Your Credit Stands

Review your credit report every year for accuracy

Why it’s important

Maintaining good credit is one of the best things you can do to keep financially healthy. A strong credit history and credit score can help you get better interest rates on loans, credit cards, and lines of credit. Plus, many insurance companies, cell phone providers, and landlords refer to your credit score to make decisions.

Your credit activity, or what you borrow and when you repay it, make up your credit history. Credit reporting agencies collect this information from various sources and issue reports based on your borrowing and debt-paying habits. All this information contributes to your credit score, which is like a grade for your credit report.

Many creditors provide you your credit score monthly, which allows you to track your score on a regular basis. Eligible Wells Fargo customers can view their FICO® Credit Score through Wells Fargo Online.

What you can do: Get a free copy of your credit report

Reviewing your credit report regularly will help you know where you stand. It’s a good idea to review your credit report at least once a year and ensure there are no errors being reported, which could negatively affect your score.

You can request a free copy of your report once every 12 months from each of the 3 nationwide consumer credit reporting agencies: Equifax, Experian, and TransUnion.

Many creditors provide your credit score monthly, which will allow you to track your credit score on a more regular basis.

Tip

Because 3 credit reporting agencies produce their own credit reports, consider ordering a credit report every 4 months from a different agency to review your credit history throughout the year.

Why is credit important?

Get a 1-minute overview of how credit works, what your credit history is, who looks at it, and why it's important.

You must be the primary account holder of an eligible Wells Fargo consumer account with a FICO® Score available, and enrolled in Wells Fargo Online® banking. Eligible Wells Fargo consumer accounts include deposit, loan, and credit accounts. Other consumer accounts may also be eligible. Contact Wells Fargo for details.

Important: There are many factors that Wells Fargo looks at to determine your credit options; therefore, a specific FICO® Score or Wells Fargo credit rating does not necessarily guarantee a better loan rate, approval of a loan, or an automatic upgrade on a credit card.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.